What was the impact of the share dividend

Assignment Help Financial Accounting
Reference no: EM132980065

Question - On January 1, 2019, Olive Corporation had 110,000 shares of its P5 par value ordinary shares outstanding. On June 1, the corporation acquired 10,000 shares to be held in the treasury. On December 1, when the market price of the shares was P8, the corporation declared a 10% share dividend to be issued to shareholders of record on December 16, 2019. What was the impact of the 10% share dividend on the balance of the retained earnings account?

Reference no: EM132980065

Questions Cloud

What is the net impact of this sale : What is the net impact of this sale in the 2011 balance of payments of France? What is the impact on any other section(s) of the balance of payments
Discuss how the leadership team may apply leadership styles : Discuss how the leadership team may apply two leadership styles to make changes to achieve these goals and evaluate how these two leadership styles
How do think the tool would impact quality improvement : Do you believe this an accurate snapshot comparing facilities in your area? Would this information impact where you might place a loved one
Discuss quality management programs : Research and discuss quality management programs and services of two existing hospitals or healthcare systems in the community.
What was the impact of the share dividend : Olive Corporation had 110,000 shares of its P5 par value ordinary shares outstanding. What was the impact of the 10% share dividend
What is the rationale for computing body mass index : Based on Mrs. Varner's BMI and weight, the nurse measures her waist circumference. Describe the proper procedure for this assessment.
What genetic-related disease do patient first-order relative : What genetic-related diseases do the patient's second-order relatives have? Mrs. Jones, a 40-year-old female patient, is presenting for a history
Coding and guidelines for gyn : Coding and guidelines for GYN, obstetrics, congenital, and pediatrics conditions. some codes are only reported on the mother records and other codes are the onl
Make adjusting entries for the items : Utilities expense incurred but not yet recorded or paid on June 30, 2021, is $233. Make adjusting entries for the items

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the impact assuming thet the required reserve

Compute the impact on M1 assuming that: the required reserve ratio is 5 percent; the bank does not wish to hold excess reserves

  What is the total for variable costs

IN ORDER GET FULL CREDIT, I MUST HAVE FULL SOLUTIONS FOR EACH ANSWER OR NO CREDIT WILL BE OFFERED. ROSS COMPANY MANUFACTURES MOUNTAIN BIKES THAT SELLS FOR $750 EACH. IT’S VARIABLE COST RATIO IS 55% WITH FIXED COSTS AMOUNTING TO $85,000. WHAT IS THE T..

  Prepare journal entry to record the sale of whatchamacallits

Prepare the journal entry to record the sale of the Whatchamacallits and the extended warranties (sales would take place throughout the year)

  How to use a manual based accounting information system

Why does a student need to understand how to use a manual, paper-based accounting information system since everyone uses computerized systems?

  Prepare separate entries for each transaction

Prepare separate entries for each transaction on the books of Purcey Company

  Prepare separate depreciation schedules-straight-line metod

Boscan Corporation purchased machinery on January 1, 2014, at a cost of $345,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $28,900. The company is considering different deprec..

  Manufacturing accounts reflect the flow of the costs

Using T accounts to represent various manufacturing accounts reflect the flow of the costs for this calendar quarter as summarized below. (Show your work) Account balances at the start of the quarter are: Materials, $218,000; Work in process, -0-; Fi..

  Determine the annual interest rate on note

What is the annual interest rate on Note A and Collections of accounts receivable that previously have been written off

  What does it mean when accounts where reversed

Accrued liabilities as of December 31, 2017 were as follows: Accrued payroll P48,000. What does it mean when accounts where reversed

  Explain how many units of the sale item should store stock

Explain how many units of the sale item should the store stock in order to have at most a 1 percent chance of running short of the item on the day of the sale?

  Record the journal entries necessary on crain''s books

Record the journal entries necessary on Crain's books for 2005 assuming that Crain uses the equity method to account for its investment in Downey.

  What is the change in profit in both the short and long run

The income statement is available below. What is the change in profit in both the short run and long run by dropping intake valves from their product line?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd